This morning the cops came knocking for two former Bear Stearns managers.
Matthew Tannin and Ralph Cioffi were taken into custody as the first executives to face criminal charges in the wake of the sub-prime market meltdown.
Tannin and Cioffi face many accusations surrounding the collapse of the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund. Those […]
One of the nation’s largest investment banks has taken major steps to silence rumors of an impending Bear Stearns-esque collapse.
Lehman Brothers Holdings firmed up its balance sheet by cutting its risky debt positions by 25 percent. In addition to selling off debt, the firm raised $8 billion in capital.
Many investment banks are fleeing from risky, mortgage related […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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